Searches And Hires
The plans adopted the new asset allocation following an asset study by their general investment consultant.
The plan last conducted a general investment consultant search in 2013.
The deferred compensation plan replaced its domestic large-cap value equity manager in the first quarter.
The plan interviewed three domestic small-cap growth equity managers in August for the mandate.
The firm had been on watch since 2023 for underperformance and the funds have been moved to a passive account.
The foundation is shifting its investment strategy to a mission and values-aligned approach as part of its hiring of an outsourced cio to manage its public and private markets investment portfolio.
The institution will consider investments with startup companies recently launched from its ecosystem through its accelerator fund at its board meeting this month.
A foundation in the Midwest is looking to grow its impact investments portfolio by 25% starting next year.
The pension system also discussed a potential private equity pacing plan that calls for $80 million to $90 million per year to reach its 11% target.
The retirement association expects to approve a recommendation next year.
